MARIJUANA CO OF AMER INC - MCOA STOCK NEWS

Marijuana Company of America (MCOA) will present at the Planet MicroCap Showcase 2022 on May 4, 2022, at 10 AM EST at Bally's Hotel & Casino, Las Vegas. CEO Jesus Quintero will lead the presentation, engaging with investors and discussing the company’s operations in the cannabis sector. For those unable to attend, the presentation will be available via webcast. Attendees can register for the event and schedule one-on-one meetings with the company during the conference.

Marijuana Company of America (OTC PINK:MCOA) reported its financial results for the year ended December 31, 2021, showing record revenues of $1,030,249, a 267.1% increase from the previous year. The company improved operational efficiency, reducing operating expenses by 2.2%. Total stockholder equity rose to $230,889, marking its first positive equity position. However, net losses decreased by 28% to $10,191,450. Gross profits increased to $156,878, albeit with declining gross margins due to the nature of recent acquisitions.

Marijuana Company of America (OTC:MCOA) will present virtually at the Sequire Cannabis & Psychedelics Conference on April 20th, 2022, at 11:00 AM ET. CEO Jesus Quintero aims to share the company's growth plans, focusing on new acquisitions and market expansion. The conference features over 50 companies from the cannabis sector and industry experts. Investors can register for the presentation and request 1x1 meetings through the event's website. For more details, visit www.marijuanacompanyofamerica.com.

Marijuana Company of America (OTC PINK:MCOA) announced that its CEO, Jesus Quintero, will present at the Benzinga Cannabis Capital Conference on April 20-21, 2022, in Miami Beach, FL. The conference is a significant event for cannabis investing, where MCOA will share insights on its operations and strategies for growth through acquisitions in the cannabis sector. Quintero highlighted the company's excitement about expanding into both domestic and international consumer markets, especially as U.S. Congress moves toward cannabis legalization.

Marijuana Company of America (OTC:MCOA) announced its participation in the upcoming Benzinga Cannabis Capital Conference on April 20-21, 2022, at the Fontainebleau Miami Beach. CEO Jesus Quintero will present from 2:40 to 3:00 PM EST, discussing MCOA's operations and growth strategy, focusing on acquiring undercapitalized assets in the cannabis sector. Quintero highlighted the positive trends toward cannabis legalization in the U.S. and the company’s strategy for domestic and international expansion.

Marijuana Company of America (OTC:MCOA) announced a distribution agreement through its subsidiary cDistro with dosist health to distribute its high concentration CBD+ products. This partnership aims to enhance cDistro's market presence and drive sales growth through expanding distribution channels. cDistro specializes in CBD product distribution across various retail formats in North America. This agreement is poised to leverage dosist's award-winning product portfolio to meet growing consumer demand for quality CBD solutions.

Marijuana Company of America (MCOA) has announced a distribution agreement between its subsidiary cDistro and Realize Hemp Drinks to launch the Realize Raspberry Drink Mix and a new Citrus-Mango Drink Mix nationwide. These drinks are infused with CBD and THC, compliant with the 2018 Farm Bill. The global cannabis beverages market is projected to grow significantly, from USD 915.06 million in 2021 to USD 19,063.58 million by 2028. MCOA plans to ensure third-party testing for compliance, supporting its commitment to growth in the cannabis marketplace.

Marijuana Company of America (MCOA) has completed the acquisition of VBF Brands, Inc., a cannabis cultivator and distributor in Salinas, California. This strategic move is expected to enhance MCOA's EBITDA in 2022 and expand production capabilities. The acquisition includes notable cannabis licenses, allowing MCOA to capitalize on the leading California cannabis market. The company plans to leverage VBF's efficient growing systems to improve operational capacity and quality. MCOA's leadership aims to strengthen its market position and expand its footprint within the cannabis industry.

Marijuana Company of America (MCOA) announced record financial results for Q3 2021, achieving total revenues of $442,178, a significant increase from $53,195 in Q3 2020. This growth is credited to new product sales from its acquisition of cDistro and equipment lease revenues. Gross profits rose to $63,687 from $16,025, though gross margins declined from 30.1% to 14.4%. The net loss decreased to $1,764,591, representing 399.1% of total revenues. MCOA anticipates continued growth, especially with a full quarter of revenue from its new cultivation facility.